Beyond (NYSE:BYON) Posts Earnings Results, Misses Estimates By $0.30 EPS

Beyond (NYSE:BYON) announced its earnings results on Monday. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.30), Briefing.com reports. The business had revenue of $382.28 million for the quarter, compared to the consensus estimate of $389.36 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) EPS.

Beyond Stock Performance

Shares of NYSE BYON opened at $18.15 on Tuesday. The company has a market cap of $830.00 million, a PE ratio of -3.22 and a beta of 3.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51. Beyond has a fifty-two week low of $13.71 and a fifty-two week high of $39.27. The company has a 50-day simple moving average of $29.69.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BYON. Wedbush restated an “outperform” rating and set a $43.00 price target on shares of Beyond in a report on Tuesday, April 30th. Piper Sandler reduced their price target on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Maxim Group started coverage on shares of Beyond in a report on Wednesday, April 17th. They set a “buy” rating and a $50.00 price objective on the stock. Compass Point started coverage on Beyond in a research note on Thursday, February 1st. They issued a “buy” rating and a $45.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Beyond in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Beyond has an average rating of “Moderate Buy” and an average target price of $39.00.

About Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.